US ISM manufacturing expected to remain low - Nomura

FXStreet (Delhi) – Research Team at Nomura, suggests that the US national manufacturing sentiment spent its second consecutive month in contraction territory in December, as activity in the manufacturing sector was tepid.

Key Quotes

“Concerns about global growth, the stronger dollar, and low energy prices will likely continue to linger, and we expect the slow growth in manufacturing activity to be protracted. In addition, regional manufacturing surveys received thus far in January have been weak. As such, we expect the ISM manufacturing index to remain low, at 48.0, at the start of 2016.”